The Secretary of the Ho Chi Minh City Party Committee, Le Thanh Hai, stated this at a reception for Singaporean President Tony Tan Keng Yam in Ho Chi Minh City on April 25.

Hai said that Ho Chi Minh City highly values the Singaporean leaders’ vision and strategies after turning the island state into a financial, maritime and educational centre.

The municipal leader also informed his guest of the increasingly deep and effective co-operation in investment, trade, tourism, and education and training between Ho Chi Minh City and Singapore. This can be seen by the number of Singaporean businesses that invest in the city, with currently over 500 projects worth more than US$6 billion.

President Yam said he is willing to co-operate and share Singapore’s experiences in urban management, traffic control, and water and sewage treatments with Vietnam.

He added that more Singaporean businesses want to invest in the city, the country’s largest trading hub and expand their operations to other localities.

Later the same day, President Yam and his delegation visited the Riviera Point project in District 7, developed by Keppel Land Company which is an affiliate of Singapore’s Keppel Group. The company operates 18 projects worth nearly US$2 billion in Vietnam.